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on may, 18,2021 abc company extended its past due $15000 account payable to americana company. American agreed to accept $8200 cash and 120 a day,
on may, 18,2021 abc company extended its past due $15000 account payable to americana company. American agreed to accept $8200 cash and 120 a day, 9% ,6800$ note to replace the account payable. abc would record this transaction as
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